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850768
star this property registered interest false more like this
star this property date less than 2018-02-27more like thismore than 2018-02-27
star this property answering body
Department for Digital, Culture, Media and Sport more like this
star this property answering dept id 10 more like this
star this property answering dept short name Digital, Culture, Media and Sport more like this
star this property answering dept sort name Digital, Culture, Media and Sport more like this
star this property hansard heading Horse Racing: Betting more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Digital, Culture, Media and Sport, what assessment he has made of the effect of the April 2017 reforms to the Horserace Betting Levy on (a) horse-racing and (b) the public purse. remove filter
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 130003 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2018-03-07more like thismore than 2018-03-07
star this property answer text <p>In April 2017, the Government implemented reforms to the Horserace Betting Levy which made it a requirement for offshore operators to pay the Levy for the first time.</p><p> </p><p>The Horserace Betting Levy Board, which collects the Levy, estimates that the reformed Levy will generate c.£85m in 2017/18. This would represent an increase of c.£20m compared to receipts from bookmakers in 2016/17 under the old system. The actual Levy yield for 2017/18 will only be known after the end of the financial year. Increased receipts from the Levy have already allowed an additional £9.7m of investment in grassroots prize money, contributing to record prize money of £160m in 2018.</p><p> </p><p>The Levy is collected from bookmakers and distributed in line with the statutory purposes in support of horseracing, and so has no direct effect on the public purse.</p> more like this
star this property answering member constituency Chatham and Aylesford more like this
star this property answering member printed Tracey Crouch more like this
star this property question first answered
less than 2018-03-07T13:15:36.313Zmore like thismore than 2018-03-07T13:15:36.313Z
star this property answering member
3950
star this property label Biography information for Tracey Crouch more like this
unstar this property tabling member
1586
unstar this property label Biography information for Adam Afriyie more like this